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Watch for Dish Network-A to Potentially Pullback After Gaining 3.27% Yesterday

By Amy Schwartz

Dish Network-A (NASDAQ:DISH) traded in a range yesterday that spanned from a low of $32.54 to a high of $33.52. Yesterday, the shares gained 3.3%, which took the trading range above the 3-day high of $32.60 on volume of 1.9 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is monitoring the recent change of momentum in Dish Network-A. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Dish Network-A in search of a potential trend change.

In the past 52 weeks, Dish Network-A share prices have been bracketed by a low of $28.80 and a high of $66.50 and are now at $33.39, 16% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.9% while the 200-day MA has slid 0.8%.

Keywords: rebounders dish network-a

Ticker(s): DISH